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Just the other day we were wondering why Trade Me’s share price had held up so well in a weak market. Now we know: this morning the company received a proposal to acquire the company from British private equity firm Apax Partners. The proposal is at a price of NZ$6.40 a share, which equates to about $6.04 in Australian dollar terms.

The bid is the usual ‘preliminary, non-binding and indicative’ proposal that depends on due diligence. Trade Me has decided to engage with Apax on a non-exclusive basis, which means bids from other parties shouldn’t be deterred. Hurrah for that....

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Hi Guys. With Apax Partners hoping to acquire Trade Me, I would like to know what happens to my shares if I do not sell my shares and the takeover is approved. I understand that Trade Me would be delisted. Cheers Peter

INIF & the Small Companies fund have sold TME out and down respectively because another bidder is unlikely. Does this impact what Intelligent Investor's view is? I have tried to read the full reports but InvestSmarts App nor website have ...

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